In: Statistics and Probability
Thompson and Thompson is a steel bolts manufacturing company. Their current steel bolts have a mean diameter of 143 millimeters, and a standard deviation of 5. If a random sample of 47 steel bolts is selected, what is the probability that the sample mean would differ from the population mean by more than 0.2 millimeters? Round your answer to four decimal places
The probability that the sample mean would differ from the population mean by more than 0.2 millimeters is
1) Using Excel function = 0.3920
2) Using z table = 0.3936
The complete solution of above question are as below
The values provided in the above question are as below
Mean = = 143
Standard deviation = = 5
Sample size = = 47
We have to find the probability that the sample mean would differ from the population mean by more than 0.2 millimeters
-------(1)
We convert above into using following formula
-----------(2)
Using equation (2) in equation (1) we get
We find above probability using following Excel function
(Round answer to four decimal places)
The probability that the sample mean would differ from the population mean by more than 0.2 millimeters is 0.3920
Or
We find above probability using z table of standard normal curve areas
We convert the above z to two decimal places, because in z table of standard normal curve areas the z value is available only two decimal places.
(Round answer to two decimal places)
We find above probability using z table of standard normal curve areas
The probability that the sample mean would differ from the population mean by more than 0.2 millimeters is 0.3936
Summary :-
The probability that the sample mean would differ from the population mean by more than 0.2 millimeters is
1) Using Excel function = 0.3920
2) Using z table = 0.3936